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The Two Most Important Catalysts For Oil

The Two Most Important Catalysts For Oil

Oil prices never stay quiet…

Energy / Oil Prices

Oil Resilient Despite Trade Talk Failure

Oil Resilient Despite Trade Talk Failure

Jun 03, 2019 at 09:25 | Irina Slav

Reports of a new policy paper published by the Chinese government pushed oil prices lower in Asian trade this morning, dragging benchmarks downward. Prices quickly rebounded, however, on Saudi reassurances…

Oil Set For Worst Monthly Drop Since November

Oil Set For Worst Monthly Drop Since November

May 31, 2019 at 07:58 | Tsvetana Paraskova

After finishing at a three-month low on Thursday, oil prices continued to slide on Friday morning and are on course to end the month of May with the largest monthly…

Smart Money Turns Increasingly Bearish On Oil

Smart Money Turns Increasingly Bearish On Oil

May 29, 2019 at 16:21 | Tsvetana Paraskova

Over the past month, hedge funds and other portfolio managers have been liquidating some of their bets that oil prices will rise, as concerns about the future of global economy…

Oil Rebounds But Looks At Biggest Weekly Loss Of 2019

Oil Rebounds But Looks At Biggest Weekly Loss Of 2019

May 24, 2019 at 09:04 | Tsvetana Paraskova

Oil prices rose early on Friday, recovering from Thursday’s plunge that sent both WTI and Brent to their lowest levels in nearly two months, but prices are still poised to…

Oil Tanks On Worst Day In Six Months

Oil Tanks On Worst Day In Six Months

May 23, 2019 at 10:45 | Tsvetana Paraskova

Oil prices plummeted on Thursday, joining global sell-offs in equities, as the escalating U.S.-China trade war came into the spotlight again, dampening the outlook for economic and oil demand growth…

The Fear Factor Is Back For Oil

The Fear Factor Is Back For Oil

May 17, 2019 at 16:47 | Irina Slav

Saber-rattling in the Middle East and the continued deterioration in Venezuela have once again trumped considerations such as supply and demand in the fluctuations of global oil prices. Despite what…

Bank Of America: $90 Brent May Be Around Corner

Bank Of America: $90 Brent May Be Around Corner

May 17, 2019 at 16:46 | Julianne Geiger

Bank of America Merrill Lynch (BofAML) warns that Brent crude oil could reach $90 per barrel stemming the new IMO rules regarding shipping fuels and a weaker dollar courtesy of…

Oil Rises After Drone Attacks On Saudi Infrastructure

Oil Rises After Drone Attacks On Saudi Infrastructure

May 14, 2019 at 09:10 | Tsvetana Paraskova

Two pumping stations on a Saudi Aramco oil pipeline in Saudi Arabia were attacked by explosive-laden drones in the early morning local time on Tuesday, the official Saudi Press Agency…

STEO: Brent To Average $70 This Year

STEO: Brent To Average $70 This Year

May 08, 2019 at 11:07 | Irina Slav

The Energy Information Administration expects Brent crude prices this year to average US$70 a barrel, falling to US$67 a barrel in 2020, the authority said in the latest edition…

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits

May 07, 2019 at 11:52 | Irina Slav

Saudi Arabia has increased its official selling prices for all crude oil grades for Asian buyers with delivery in June as a supply crunch…

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